Today we're announcing the successful raise of an additional $1b to invest in founders and teams in overlooked places.

A year ago, we predicted LLMs would commoditize. In this video we check in on that prediction and share where we’re excited to be investing today. youtu.be/7ZMJk-55b2A

Normal Computing has raised $50 million in strategic funding led by @SamsungCatalyst, bringing total funding to more than $85 million. We build AI for the semiconductor industry and are developing a new class of computing hardware, using our software to design our own hardware IP. We're partnered with more than half of the top ten semiconductor companies by revenue through Normal EDA, our purpose-built AI platform. In parallel, we completed the tape-out of CN101, the world's first thermodynamic computing chip, targeting up to 1000x gains in energy efficiency for AI workloads. Investors include @GalvanizeLLC , @CelestaCapital , @drivecapital , Eric Schmidt's First Spark Ventures, Micron Ventures, Brevan Howard Macro Venture Fund, and @ArcternVC. We're hiring: careers.normalcomputing.com Full announcement: prnewswire.com/news-releases…

GStack has been SO FUN. I consider myself technical adjacent but by no means a proficient coder. I spend all day thinking about/trying to find companies that should exist. For the first time, I’ve just said eff it and started building them myself. Feels magical. What a gift!

Everyone’s wondering what AI means for career paths of today and into the future. My opinion? It will always pay to know how to think.

Getting medical equipment covered by insurance takes 2–4 weeks. Conduit Health gets it done almost instantly. Now they are leveraging that wedge to build long term relationships with the hardest to reach segment of the US population. We just led their Series A, and this is a great perfect example of how @drivecapital thinks about investing: find a massive, fragmented industry where incumbents are still stuck in the past, and back the team using tech to change it. More on why we're excited about Conduit in the video.

Conduit Health has raised $17M in Series A funding led by Drive Capital, bringing total capital raised to $22M. The New York company is building an AI-driven operating layer for insurance-covered home medical supplies, starting with durable medical equipment for Medicare and Medicaid patients. What stands out is the wedge. Conduit is not pitching generic healthcare AI. It is using CareOS, an agentic authorization and reimbursement engine trained on more than 50,000 patient cases, to predict coverage, automate payer workflows, and compress a weeks-long chain of prescriptions, documentation, prior authorization, and delivery into one coordinated workflow. That matters because access to covered supplies is often broken by administrative friction, not product scarcity. The early traction is notable. Since launching in late 2024, Conduit says it has served more than 50,000 patients, expanded its catalog 4x, and built a payer network spanning 100 health plans and nearly 90 million covered lives. This round is another sign that AI value in healthcare is moving into reimbursement, navigation, and benefits access - the operational layers patients actually feel. Quick facts👇 ● founders: Natan Wise; Rocky Seftel ● total capital raised: $22M ● HQ: New York, New York ● Investors: Drive Capital; XYZ Venture Capital; Twelve Below; Eniac Ventures

PSA for AI founders: stop trying to fit your AI story into the SaaS deck framework. It is time to rethink the key metrics from first principles. Find ways to prove you are capturing services spend.

On the surface, it looks like the venture market is “back,” but once you peel the onion a bit, it’s really… not. Last year, a small group of companies raised a massive amount of the capital, leaving everyone else to fight over what remains. It’s not just concentrated on the company side. A large share of the VC dollars came from only a handful of firms. If you’re a seed or Series A founder, this is why fundraising feels harder, even when the headlines might imply things are improving. #stateofventure #startups

Winning early isn’t the same as winning long term. Here are some thoughts on sustainable differentiation in AI.

reposting this because it feels like it is way more possible today!!

We are grateful to announce that Alpaca has raised a $150M Series D led by @DriveCapital, valuing us at $1.15B! 🙏 This funding will be used to continue supporting our partners by strengthening Alpaca’s global investment infrastructure, expanding and enhancing our existing offerings, securing regulatory licenses in key jurisdictions, and continuing to bridge traditional and decentralized financial systems. This milestone comes after a busy 2025, where we launched several key products and features, including 24/5 trading, fixed income, Instant Tokenization Network (ITN), Fully Paid Securities Lending (FPSL), and Omnibus Subaccounting (OmniSub) technology. We also expanded our crypto infrastructure, making it MiCA-compliant and available across 49 US states and in the EU, announced our intended acquisition of WealthKernel, and received memberships from Nasdaq Exchange, the Options Clearing Corporation (OCC), and the Fixed Income Clearing Corporation (FICC), significantly reducing our reliance on third-party players across various offerings. This year, in 2026, our focus is on execution discipline and strengthening fundamentals. We are prioritizing infrastructure resilience, regulatory readiness, and operational rigor to ensure progress is real, repeatable, and durable. With that foundation, we’ll continue to ship more and faster as we advance our mission to open financial services to everyone on the planet. Read what this means to our Co-Founder and CEO, @iyoshyoshi, below. Thank you to our investors: @DriveCapital, Citadel Securities, Opera Tech Ventures, MUFG Innovation Partners, @FlatCapital (with @klarnaseb as controlling UBO and Chairman), DRW Venture Capital, @Krakenfx, Altered Capital, X&KSK, @Bank Muscat, Endeavor Catalyst, Portage, Horizons Ventures, @SocialLeverage, Unbound, Diagram, @Derayah, and Vlad Yatsenko. We’re excited to do more in 2026. We’re excited to do even more for you in 2026.

The mindset we look for in founders? Extreme ownership. 🎙️Podcast clipped from The Dart Board with host @itsdanieldart — featuring Drive Capital founder @ChrisOlsenCMH Full conversation: open.spotify.com/episode/0jR…

Our CTO & Co-Founder Ben Meeder chatted with @landon20s at @drivecapital & @intercom's AI Builders Day! ⚡️ Huge energy. Smart builders. Big ideas. Excited for the future we're building right here in #Chicago. 🚀

Early in my venture career @drivecapital, I wanted to make an investment in a company no one else wanted to make. My partners weren’t convinced, but I saw something: founder insight a path to a bigger market. As an investor, you’re hired to build conviction and then trust yourself. That’s what I did and, fortunately, it paid off.

It sounds like @drivecapital's TAM was definitely feeling Austin. 🤠🚀🦾 (Having a bit of FOMO over here)

More tech returns now happening outside silicon valley? @drivecapital @msuster

Confirmed: the state of the city of Austin is strong #TAM25 @justindross @Jacksonfordyce @sahiti_enj

The energy IS palpable #TAM25 @anothercohen @CristinCulver @landon20s

Super fun speaking today at @drivecapital in Austin

Great event today! Fun fact: Growing up in Ohio, I had never heard of Venture Capital until @drivecapital launched in 2012. Without realizing it, @ChrisOlsenCMH & Drive altered the course of my life & many others across the Midwest thanks to their work 👏🏼